While most expenses can be included in your loan or paid for by the Seller (if applicable), you may expect certain out of pocket expenses. The exact amount of out of pocket expenses varies and is based upon your own unique circumstances. Your Loan Officer will go over this in more detail. Expenses may include:
- Credit Report - up to $28.00
- Appraisal - up to $450 on primary residences and up to $600 on rental properties
- Earnest Money (purchase transactions) - amount negotiated between Buyer and Seller
- Down Payment (purchase transactions) - determined by loan program
- Closing Costs/Other - closing costs or reports not included in the loan balance or paid by the Seller.
